Although a report last week indicated that Grant Hill would either sign with the Lakers or retire, the veteran forward hasn't quite narrowed his options down that far yet, says David Aldridge of TNT. According to Aldridge, Hill is considering the Heat and Thunder in addition to the Lakers, and each team has returned interest in the 39-year-old.
The Lakers were considered the strong frontrunners for Hill after they landed Steve Nash. While Aldridge still seems to classify the Lakers as the favorites, he cautions that Hill is still weighing his optoins.
Given Hill's age, his decrease in production in 2011/12, and the cap situations of the teams he's eyeing, a one-year deal worth the minimum salary or a small cap exception seems likely. Even so, Darnell Mayberry of the Oklahoman flatly states that Oklahoma City "is not going to sign" Hill (Twitter link). If they were interested, the Thunder have the cap flexibility to offer a little more money than either the Lakers or Heat could.